David Einhorn the hedgefund manager of Greenlight Capital, wrote an interesting letter to clients that summarizes the way a lot of people feel regarding the Federal Reserves involvment in the capital markets. If you have a few minutes it is a good thought provoking read: http://www.slideshare.net/WallStCheatSheet/david-einhorn-greenlight-capital-investor-letter
The wife and I attended a “marriage workshop” at a local church last night. It was a good event and even after 19 years of marriage it helps to get a refresher on how to keep it going for another 19. The highlight of the night was when the speaker was discussing how spouses view (or define) things differently. I thought his definition of “savings” for he and his wife was the funniest thing I heard:
From the male perspective: Savings is what you put away for a rainy day or accumulate for retirement.
From the female perpective: Savings is the difference between regular price and sale price!
Now before I get nasty comments, the roles could of course be reversed. I work with plenty of clients where the wife is the more frugal one, but this particular statement resonated with me so I had to throw it out there!
Okay, this has nothing to do with personal finance but if you missed Felix Baumgartner’s jump from 23 miles above the earth then you have to watch: